Pi Network Surges 45% Amid Technical Breakout, Trump Tariff Pause

The Pi Network's price has been on a bullish trajectory, with a significant surge of 45% in recent weeks. This upward momentum has been driven by a breakout from a wedge pattern, a technical indicator that suggests the price has overcome resistance levels and is poised for further gains. The current price of the Pi Network stands at $0.7518, reflecting a 1.78% daily value appreciation and a 33.96% increase over the past seven days. Compared to its all-time low of $0.4012, the Pi token has seen an 88.2% increase. However, it has also experienced a 47.62% decline over the past 30 days and a 74.67% fall from its all-time high of $2.98.

The recent price surge began on April 11, 2025, and has continued for four consecutive days. One of the key catalysts for this reversal is Donald Trump’s decision to pause tariffs for most countries, although the trade war with China continues to escalate. This situation has raised concerns about potential long-term market crashes, but projections suggest that the Federal Reserve may step in to support the economy if necessary. Technical analysis also supports a bullish future for the Pi Network, with indicators such as the Relative Strength Index and the Awesome Oscillator showing an increase in buying pressure.

According to Chart 1, the recent rebound in price occurred after the falling wedge pattern reached the breakout point. The Pi Network's price performance has been bearish for several weeks, but the recent surge has pushed the coin above the 50-period moving average, a bullish indicator. This rally shows no signs of stopping, with the potential for the bulls to reach as high as $1.7365 by the end of April 2025. However, there is also a low possibility of a bull trap, signaled by the formation of a small rising wedge. If this bearish prediction materializes, the price could fall as low as $0.40. Fundamental developments, such as a new burning mechanism or a predetermined burning goal, could mitigate this risk and enhance market sentiment.

The increasing popularity of the Pi coin has also fueled expectations for a tier-1 exchange listing. The Binance community has already approved the Pi coin listing, although no exact date has been given. Any significant developments, such as a new burning mechanism or an exchange listing, could further boost market sentiment and drive the Pi Network's price higher. Investors are closely watching these developments, as they could significantly impact the cryptocurrency's trajectory. However, it is crucial to remember that the cryptocurrency market is highly volatile, and price movements can be unpredictable. Investors should exercise caution and conduct thorough research before making any investment decisions.